CandleFocus Trader Who Nailed Bitcoin Pre-Halving Correction Outlines Worst-Case Scenario for BTC – Here’s His Outlook
2024-10-07
Author: Content Editor
The analyst Rekt Capital is predicting a bearish scenario for Bitcoin, stating that a move below the reaccumulation support at $60,000 could trigger another capitulation event for the cryptocurrency. However, he believes that this would create opportunities for long-term investors, as previous reaccumulation ranges have led to financial opportunities and new all-time highs. The main goal for Bitcoin is to reclaim the range low as support and rally to $70,000, breaking out of the reaccumulation phase and transitioning into the post-halving parabolic upside phase. Bitcoin is currently trading at $63,654, up 3% on the day.
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